Walgreens

900 North Rancho Drive, Las Vegas, NV
Deal Type:
Net Lease
Price:
$5,920,000
Cap Rate:
6.25%
Current Rent:
$370,000
Lease Type:
DoubleNet
Lease Expiration Date:
Approx. 8 Years years
Renewal Options:
8, 5 year options
Building Sq. Ft.:
15,120 SF
Rent Increases:
None
Site Size:
1.99 Acres

Investment Highlights

  • Irreplaceable Location: Located 9-Miles north of the Las Vegas strip at a Hard corner location at the intersection of West Washington Ave and North Rancho Drive, with traffic counts in excess of 57,800 vehicles per day.
  • Strong Demographics:  Over 157,000 residents in a 3 mile radius and incomes exceeding $74,600 in a 1-mile radius.
  • Tax-Free State: The state of Nevada does not assess state income tax.
  • Strong Tenant Commitment: Walgreens has continuously operated at this site since 2001 and in 2014, executed an early 10 year extension, demonstrating their commitment to this site.
  • Excellent Retail Synergy: Surrounding national tenants include 7-Eleven, McDonald’s, Wendy’s, Taco Bell, Family Dollar, and Burger King.

Listing Agents

Dean Copans

Managing Director
650 465 3993
[email protected]

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